Converse Bank has been awarded with the Euro STP Excellence Award 2019 by Commerzbank AG  for operational excellence in processing of international transfers via SWIFT both quantity and quality-wise.

“This prominent award once again proves that services provided by Converse Bank meet the highest international standards where the processing of remittences is fully automated ensuring the highest speed of execution,” the bank said in a statement.

In past years, Converse Bank was awarded with the Euro STP Excellence Award 2017 and Euro STP Excellence Award 2018 by KBC Bank NV., Brussels for operational excellence in execution of international transfers.

In 2019, Converse Bank was also presented with the Trade Finance Award 2018 prize by Commerzbank AG for unprecedented high volume of transactions, in honor of excellent cooperation in Trade Finance, and in recognition of high-level and successful relationship.

The oversight of Converse Bank is exercised by the Central Bank of Armenia.